Invesco DB Agriculture Fund (NYSEARCA:DBA – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 116,174 shares, a drop of 67.5% from the September 15th total of 357,382 shares. Based on an average trading volume of 1,077,221 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the company’s shares are sold short.
Institutional Investors Weigh In On Invesco DB Agriculture Fund
Several hedge funds have recently bought and sold shares of DBA. Bank of America Corp DE boosted its position in shares of Invesco DB Agriculture Fund by 5.1% during the first quarter. Bank of America Corp DE now owns 638,182 shares of the exchange traded fund’s stock worth $17,435,000 after purchasing an additional 31,182 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Invesco DB Agriculture Fund by 4.5% in the 2nd quarter. HighTower Advisors LLC now owns 479,815 shares of the exchange traded fund’s stock valued at $12,797,000 after buying an additional 20,626 shares during the period. Royal Bank of Canada increased its position in shares of Invesco DB Agriculture Fund by 212.4% in the 1st quarter. Royal Bank of Canada now owns 290,096 shares of the exchange traded fund’s stock valued at $7,925,000 after buying an additional 197,234 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Invesco DB Agriculture Fund by 983.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 283,820 shares of the exchange traded fund’s stock valued at $7,754,000 after buying an additional 257,619 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of Invesco DB Agriculture Fund by 17.6% in the 1st quarter. Kestra Advisory Services LLC now owns 165,960 shares of the exchange traded fund’s stock valued at $4,534,000 after buying an additional 24,780 shares in the last quarter. 38.63% of the stock is currently owned by institutional investors and hedge funds.
Invesco DB Agriculture Fund Stock Up 0.4%
NYSEARCA DBA traded up $0.12 during trading on Monday, reaching $28.45. 405,159 shares of the stock traded hands, compared to its average volume of 1,187,260. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 11.32 and a beta of 0.12. The stock’s 50-day moving average price is $28.44 and its 200 day moving average price is $27.72. Invesco DB Agriculture Fund has a fifty-two week low of $25.40 and a fifty-two week high of $29.52.
Invesco DB Agriculture Fund Company Profile
PowerShares DB Agriculture Fund (the Fund) is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust). The Fund’s subsidiary is DB Agriculture Master Fund (the Master Fund), a separate series of DB Multi-Sector Commodity Master Trust (the Master Trust). The Fund offers common units of beneficial interest (the Shares) only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund.
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